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UK reports most hotel rooms in construction in Europe

The UK has reported the most hotel rooms in construction in Europe with 15,643 rooms in 148 hotels in the pipeline, according to STR. STR s August 2016 pipeline report shows Europe reported 64,454 rooms across 433 projects as in construction for the month; a 19.9% increase compared with August 2015.

150,530 rooms over 1,055 projects were under contract in Europe last month; a 15.7% increase in rooms under contract in year-on-year comparisons. Only three other countries reported more than 5,000 rooms in the construction phase: Germany (11,006 rooms in 56 hotels), Turkey (7,951 rooms in 52 hotels) and Russia (7,537 rooms in 37 hotels).

Under contract data includes projects in the construction, final planning and planning stages but not unconfirmed.

London records highest revpar figures of the year in July >>1

Birmingham hotels see spring occupancy rates boost >>2

London reports most rooms in construction in Europe >>3

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References

  1. ^ London records highest revpar figures of the year in July >> (www.thecaterer.com)
  2. ^ Birmingham hotels see spring occupancy rates boost >> (www.thecaterer.com)
  3. ^ London reports most rooms in construction in Europe >> (www.thecaterer.com)
  4. ^ Looking for a job?

    See all the current hotel vacancies available with The Caterer (jobs.thecaterer.com)

Australian owner of Park Regis and Leisure Inn brands to expand in UK

Australian-owned StayWell Hospitality Group is to grow its Park Regis and Leisure Inn brands in the UK following a deal with Fiveways Hospitality. A master licensing agreement between the two parties will see the announcement of four new hotels in the UK over the next two years as part of StayWell s plans to open 100 hotels worldwide within the next three years. The properties will join the company s first UK hotel, the 272-bedroom Park Regis Birmingham, which opened in March 2016 following a 100m development.

Simon Wan, chief executive of StayWell, said the UK and Europe as a whole presents a great opportunity for the company s Park Regis (upscale hotels in prime locations) and Leisure Inn (operating in the economy sector) brands.

Fiveways Hospitality has a well established reputation and our partnership will deliver not only opportunities for further growth for StayWell in new destinations and cities but also offer top-shelf operational support to our hotel teams within the region, he explained. Fiveways Hospitality managing director, Stuart Broster agreed that the brands future within Europe looks bright following the formalisation of the partnership agreement.

We are delighted to be part of a growing global company such as StayWell Hospitality Group,” he said. “Europe is crying out for new hotel brands which are competitively priced and this is exactly what Park Regis and Leisure Inn will offer. StayWell currently has 35 hotels in Australia, Singapore, Indonesia, India, United Arab Emirates and the UK.

As well as managing the Park Regis Birmingham, Fiveways operates a wider portfolio of branded hotels and independent properties such as Down Hall in Hatfield Heath, Essex, and Pelham House in Lewes, East Sussex.

Australian Owner Of Park Regis And Leisure Inn Brands To Expand In UK

Simon Wan, chief executive of StayWell and Stuart Broster, managing director of Fiveways Hospitality

Europe s first Park Regis hotel appoints Robin Ford as GM >>1

Europe s first Park Regis hotel to open in Birmingham >>2

Australian hotel company StayWell to launch in the UK >>
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References

  1. ^ Europe s first Park Regis hotel appoints Robin Ford as GM >> (www.thecaterer.com)
  2. ^ Europe s first Park Regis hotel to open in Birmingham >> (www.thecaterer.com)
  3. ^ Australian hotel company StayWell to launch in the UK >> (www.thecaterer.com)

Dalata Hotel Group’s results exceed expectations

Ireland s largest hotel group today reported trade ahead of expectations in the first half of the year but warned about the potential negative impact of the Brexit vote. Dalata Hotel Group cautioned that the UK decision to leave the European Union has created some uncertainty for the business for the rest of 2016. Risks include a significant reduction in the value of sterling which would make Ireland a more expensive destination.

The referendum decision could also have an impact on the general economic activity in the UK and Ireland which in turn would affect the numbers of people looking to stay at hotels in both countries. Fluctuations in the value of the pound could also affect earnings and asset values of the group as UK subsidiaries are reported in sterling and translated into euros. However, the group said: Prospects remain very strong for the hotel market in Dublin and the regional cities in Ireland.

The impact of Brexit on the UK hotel market is not yet clear. Dalata s portfolio includes three hotels in London, three in the UK regions and two in Northern Ireland which collectively represent almost a quarter of group reveue. Reviewing the six months to June 30, group chief executive Pat McCann said: Trade has been ahead of our expectations with the Irish hotel market performing exceptionally well in the period.

He added: Trade in our Irish hotels has been very strong in July and August while it has been in line with our expectations in our UK properties.”

Revenue for the period was up from ‘ 97.7 million to ‘ 130.1 million with pre-tax profit soaring from ‘ 2.7 million to ‘ 18.2 million. This came as revenue per available room rose from ‘ 67.34 to ‘ 74.90 s occupancy rose marginally to 79%. Dalata confirmed the acquisition of the Maldron Hotel in Cork for ‘ 8.1 million and the exchange of contracts to but three buildings adjacent to its Maldron Hotel Parnell Square in Dublin for ‘ 5 million to extend the property.

The company also plans to develop new hotels in Dublin, Cork and Belfast and gain planning permission to extend four hotels in Dublin and Galway.

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